Las Cruces, New Mexico, is an attractive location for businesses looking to establish a retail presence, with its unique blend of agricultural heritage, educational institutions, and space exploration industries. With a population of around 100,000, Las Cruces offers a diverse customer base and a strong economy driven by the federal government, New Mexico State University, and major corporations like Spaceport America and Virgin Galactic. The city's infrastructure is well-developed, with easy access to major highways, airports, and public transportation systems, making it an ideal location for retail spaces for lease. Additionally, Las Cruces is home to a variety of amenities, including parks, golf courses, and cultural attractions like the New Mexico Farm and Ranch Heritage Museum and the Las Cruces Symphony Orchestra, which draw in visitors and locals alike.
Las Cruces offers a range of retail spaces for lease, with 11 listings available. These spaces vary in size, from 750 square feet to 34,794 square feet, and offer average annual rents of $23 USD per square foot. In addition to retail spaces, Las Cruces also has a variety of other property types available, including restaurants, medical offices, and office spaces. For example, restaurants can thrive in the city's downtown area, which is surrounded by the New Mexico State University campus and is a hub for cultural events. Medical offices can benefit from the city's strong healthcare industry, with major hospitals like Memorial Medical Center and MountainView Regional Medical Center. Office spaces can take advantage of the city's growing business sector, with companies like Spaceport America and Virgin Galactic driving innovation and growth. Overall, Las Cruces offers a unique blend of opportunities for businesses looking to establish a presence in the region.
What is the average cost per square foot for retail space in Las Cruces?
The average cost per square foot for retail space in Las Cruces is $23 USD per square foot, with 11 available listings ranging in size from 5,913 square feet to 34,794 square feet.
How do anchor tenants affect surrounding retail space leases?
In Las Cruces, where there are currently 11 available listings of retail space, anchor tenants can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a competitive advantage for smaller retailers, ultimately influencing lease rates, such as the average annual rent of $23 USD per square foot, and space sizes, ranging from 5,913 square feet to 34,794 square feet.
